If you are searching for an education loan, the interest rates for such loans range from 8.45% to 15.2% pa. and come with flexible tenures up to 15 years. The amount that you can borrow can be Rs. 1.5 crore or more depending on the banks policies. Education loans can also be used to gain tax benefits under Section 80 (E).

Eligibility Criteria for Education Loans in India

Mentioned below is the general eligibility criteria for education loans in India: